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</div></div></div><p><span style="font-weight: 400;">Bitcoin has seen a 2% increase in the last 24 hours </span><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed"><span style="font-weight: 400;">currently trading at $68,784</span></a><span style="font-weight: 400;"> as of 11:20 p.m. EST, with trading volume decreasing by 2% to $33 billion.</span></p>
<p><span style="font-weight: 400;">This surge follows the Securities and Exchange Commission's (SEC) approval of Bitcoin ETFs (exchange-traded funds) for the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This approval is considered a significant advance in the integration of digital assets into conventional finance.</span></p>
<h2><strong>Bitcoin Price May Continue to Rise</strong></h2>
<p><span style="font-weight: 400;">The Bitcoin price chart reveals a bullish reversal pattern following a recent consolidation phase. The bulls appear to be taking advantage of support around $59,800, which has formed a double bottom pattern, based on data from </span><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">Consequently, BTC is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs).</span></p>
<p><span style="font-weight: 400;">The RSI stands at 66.55, nearing overbought territory (above 70). This indicates that the market exhibits strong bullish momentum but is approaching overbought conditions. A reading above 70 could suggest that the asset is overbought, potentially leading to a correction or consolidation.</span></p>
<p><span style="font-weight: 400;">The overall outlook for WBTC/USD is positive for the short to medium term. The double bottom formation, price above critical moving averages, and robust RSI all indicate a likelihood of continued upward momentum.</span></p>
<p><span style="font-weight: 400;">A sustained bullish trend could see Bitcoin prices surge towards the next resistance point at $72,000.</span></p>
<figure id="attachment_589023" aria-describedby="caption-attachment-589023" style="width: 1244px" class="wp-caption alignnone"><picture decoding="async" class="size-full wp-image-589023">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35.png.webp 1244w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-300x126.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-1024x430.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-768x322.png.webp 768w" sizes="(max-width: 1244px) 100vw, 1244px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1244" height="522" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35.png 1244w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-300x126.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-1024x430.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-19_06-20-35-768x322.png 768w" sizes="(max-width: 1244px) 100vw, 1244px"/>
</picture>
<figcaption id="caption-attachment-589023" class="wp-caption-text">BTCUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<p><span style="font-weight: 400;">However, it’s essential to remain cautious as the RSI nears overbought levels, which could result in short-term pullbacks or consolidation periods before another upward move. In a negative scenario, the 200-day SMA at $63,142 could provide support against downward movement.</span></p>
<p><span style="font-weight: 400;">As Bitcoin bulls strive to maintain the upward trend, investors seeking fresh opportunities may consider a new meme coin ICO called </span><span style="font-weight: 400;">Flockerz (FLOCK)</span><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">As reported by 99Bitcoins, a well-known crypto YouTube channel with more than 706K subscribers, $FLOCK has the potential to rise 100x following its launch.</span></p>
<noscript></noscript>
<h2>Flockerz Aiming for $1 Million in Presale</h2>
<p><span style="font-weight: 400;">Flockerz</span><span style="font-weight: 400;"> has successfully raised over $858k, introducing an innovative decentralized community structure that enables holders to participate in steering the project's direction and earn rewards through its Vote-to-Earn (V2E) model.</span></p>
<p><span style="font-weight: 400;">This feature empowers the community, fostering a more engaged and dynamic ecosystem.</span></p>
<p><span style="font-weight: 400;">The foundation of Flockerz is built upon a decentralized autonomous organization (DAO) known as Flocktopia, where every holder’s opinion is valued.</span></p>
<p><span style="font-weight: 400;">To take part in the voting process, users are required to</span> <span style="font-weight: 400;">purchase $FLOCK tokens</span><span style="font-weight: 400;">. When a new proposal is made, Flock members cast their votes.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="5.3925925925926">
<p lang="en" dir="ltr">The flock is soaring! We’ve officially surpassed $300K! <a href="https://t.co/MsLc5PeoyX">pic.twitter.com/MsLc5PeoyX</a></p>
<p>— Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1840049282889724227?ref_src=twsrc%5Etfw">September 28, 2024</a></p></blockquote>
<p><span style="font-weight: 400;">Beyond V2E rewards, users can earn passive income via the platform’s</span> <span style="font-weight: 400;">staking mechanism</span><span style="font-weight: 400;">, offering an impressive annual yield of 2,090%.</span></p>
<p><span style="font-weight: 400;">Investors interested in the presale can head over to the official Flockerz website to acquire FLOCK tokens</span><span style="font-weight: 400;"> at the current price of $0.0058161 each, with payment options including BNB, ETH, or USDT. </span><span style="font-weight: 400;">Purchases can also be made via bank card. </span></p>
<p><span style="font-weight: 400;">Act quickly to buy before a price increase in less than 3 days to secure the best deal.</span></p>
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